News / Capacity cuts as Asia-ECNA ocean freight volumes fall for first time in half a decade

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Ocean freight carriers have cut capacity on Asia-east coast North America (ECNA) routes, reporting unprecedented drops in slot supply, after headhaul volumes fell for the first time in five years.

According to Drewry, the year-on-year decline, of 1.1% in the second quarter was the first since the final quarter of 2011.

The capacity cuts come despite the Hanjin crisis, as the maritime consultancy noted that Hanjin supplied just 79,000 of 1.71m teu along the east coast.

“Compensating for this 4.6% share of the market was ...